Is the interest rate fixed or variable for gold loans?

The interest rates for gold loans with Airtel Finance start at just 1.08% per month.

How is the interest rate determined for gold loans?

Factors affecting the rate include loan-to-value (LTV), loan amount, tenure, and market conditions.

Are there any discounts available on the interest rate for prompt gold loan repayment?

The website does not explicitly list discounts for prompt repayment; it emphasises minimal paperwork, no hidden charges, and starting rates from 1.08% per month.

How does my credit score affect the interest rate I receive for a gold loan?

According to the website, no credit‐score check is required to apply for an Airtel Gold Loan.

Will the interest rate be affected if I choose a longer or shorter repayment term?

The tenure starts from 3 months and offers multiple repayment options; while the page doesn’t explicitly say how rates change with term, shorter tenures may benefit from lower rates.

Are there any penalties or fees associated with changes to the interest rate or repayment terms?

There are no early closure charges for Airtel Gold Loans.

How does the lender calculate the annual percentage rate (APR) for gold loans?

The interest rate starts at 1.08% per month, and the APR depends on the total cost including applicable fees and tenure. The site explains how gold loan interest is defined but doesn’t provide an APR formula.

Gold Loan Interest Rates

Get a gold loan at the best interest rates only with Airtel Finance. The entire process is instant and interest rates for the gold loan start at just 1.08% per month. Give us your gold in exchange for a loan, and we will store it at RBI-approved lockers, in collaboration with Partners. There is no maximum amount limit, tenure starts from 3 months, no credit score is required.

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Gold Loan EMI Calculator Online

Check how much loan you can get against your gold. Enter gold weight to get instant estimates.

Gold Weight (in grams) 10g

1g100g

Gold Price / gram ₹5,000

₹1K₹30K

Loan-to-Value Ratio 75%

50%90%

Gold Value

Eligible Loan

LTV Ratio

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How to apply for a Gold Loan?

Get a gold loan from Airtel Finance with a few steps

Open Airtel Thanks App

Find Shop > Airtel Finance

Select Airtel Gold Loan

Fill in your basic details

At home or branch

Choose how to deposit

Complete the KYC

Get your credit in exchange

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FAQs on Gold Loans Interest Rates

The interest rate for gold loans is determined by several factors: the lending institution’s policies, prevailing market interest rates, the loan amount, loan tenure, and the loan-to-value (LTV) ratio, which is the proportion of the gold’s market value against the loan amount.

What are Gold loan interest rates?

Gold loan interest rates are the percentage of the loan amount charged by lenders for borrowing money against gold. These rates typically range starting From 9.50% p.a.*upto 24% p.a.*, depending on the lender’s policies, loan amount, tenure, and the borrower’s credit profile at times. Banks, non-banking financial companies (NBFCs), and gold loan companies offer varying rates, often influenced by market conditions and their policies.

How to get the lowest interest rate on a gold loan?

To secure the lowest interest rate on a gold loan, compare offers from multiple lenders, including banks and NBFCs. Maintain a good credit score, as it can positively influence the rate offered. Also, opt for a shorter loan tenure, as it usually attracts lower interest rates. Airtel Finance offers gold loans at just starting From 9.50% p.a.*upto 24% p.a.*, making it a good option for those who want a gold loan at an attractive rate.

Factors affecting rate of interest on gold loan

The interest rate on a gold loan is influenced by several factors, including the loan-to-value (LTV) ratio, loan amount, and tenure. Lender-specific factors like the cost of funds, market conditions, and competition can also affect the rates. Additionally, economic factors such as inflation and the RBI’s monetary policy can impact interest rates.

Steps to reduce the interest rate on gold loan

Here are some steps to reduce the interest rate on your gold loan:

Choose a smaller tenure to pay less interest rate

Offer gold of higher quality

Put your idle gold to work & get up to ₹2 Crore!

Gold Loan Interest Rates

Gold Loan EMI Calculator Online

Benefits of Gold Loan

RBI approved lockers

100% gold insured

No early closure charges